I Agree

We have updated our Privacy and Cookie Policy. By clicking "I Agree" below, you acknowledge that you accept our Privacy and Cookie Policy and Terms of Use.


This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies used on Trustnet and how you can manage them, see our Privacy and Cookie Policy.

By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms of Use.

For more information Click here



It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
Share   Print      RSS

Begbies Traynor (BEG)

Begbies Traynor

Third Quarter Trading Update
RNS Number : 7525E
Begbies Traynor Group PLC
03 March 2020

3 March 2020


Begbies Traynor Group plc


Third Quarter Trading Update


Begbies Traynor Group plc (the "group"), the   business recovery, financial advisory and property services consultancy, today issues a trading update for its third quarter ended 31 January 2020.


The group has continued to trade well in the quarter with results showing strong growth in revenue and profit compared to the prior year. This performance, combined with a strong first half, leaves us confident of delivering results at least in line with expectations for the year as a whole.


The recovery and financial advisory business continues to perform well, with a combination of organic growth and the positive contribution from our current year acquisitions.  The insolvency market remains favourable with the number of corporate insolvencies (source: The Insolvency Service*) in the calendar year 2019 having increased by 7% to 17,196 (2018: 16,105).


The property advisory and transactional services business has traded in line with expectations and the development of the division has continued with the integration of the Ernest Wilson business sales agency which we acquired in October 2019.


The current year acquisitions have performed in line with our expectations and integration is proceeding well.


*Source: The Insolvency Service quarterly statistics on the number of corporate insolvencies in England and Wales on a seasonally adjusted basis, excluding the one-off effect of 1 (2018: 1,349) bulk insolvencies as identified by the Insolvency Service.


Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:


"The group has delivered strong organic growth, complemented by good performances from our recent acquisitions. This, combined with continuing favourable UK insolvency market conditions, gives us confidence in delivering results at least in line with current market expectations for the full year. 


"We continue to increase the scale of our business recovery practice and extend our property services offering, and our strong financial position leaves us well placed to further build upon our track record of organic and acquisitive growth."



Enquiries please contact:


Begbies Traynor Group plc   0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director


Canaccord Genuity Limited     020 7523 4588

(Nominated Adviser and Joint Broker)

David Tyrrell / Sunil Duggal


Shore Capital                                                                                          020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar


MHP Communications                                                                            07734 769359

Reg Hoare / Katie Hunt



Information on Begbies Traynor Group can be accessed via the group's website at

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

You are currently using an old browser which will not be supported by Trustnet after 31/07/2016. To ensure you benefit from all features on the site, please update your browser.   Close